When you apply for a MyKohlsCard, you agree to the terms and conditions of the Kohl’s Cardmember Agreement. It is important to read and understand these terms and conditions as they outline the rules and regulations that govern your use of the card. This section provides a summary of some of the key terms and conditions.
Interest Rates and Fees
The Kohl’s Cardmember Agreement outlines the interest rates and fees associated with the MyKohlsCard. The interest rate on purchases is variable and is subject to change. The current interest rate can be found on your monthly statement. Cash advances and balance transfers are subject to a higher interest rate.
Late payment fees and returned payment fees may also apply. These fees can be avoided by paying your bill on time and ensuring that you have sufficient funds in your account to cover your payment.
Changes to Terms
Kohl’s reserves the right to change the terms and conditions of the MyKohlsCard at any time. This includes changes to interest rates, fees, and other terms of the agreement. If any changes are made, you will be notified in writing and given the opportunity to opt-out of the changes.
It is important to review your monthly statement and any correspondence from Kohl’s to stay up-to-date on any changes to the terms and conditions of your My Kohl’s Card. If you have any questions or concerns about the terms and conditions of your card, you can contact Kohl’s customer service for assistance.
The Kohl’s Credit Card, issued by Capital One, has specific rates and fees associated with it. Here’s a general overview of the rates and interest details you might expect:
Annual Percentage Rate (APR):
- Standard APR: The standard APR for purchases is typically around 24.99% to 29.99%, depending on your creditworthiness and other factors. This is a variable rate, which means it can change based on market conditions.
- Cash Advance APR: If cash advances are permitted, they usually have a higher APR compared to purchases, often in the range of 29.99%.
Interest Rates for Promotional Offers:
- Deferred Interest: For special financing offers (e.g., 6-month or 12-month promotions), if the balance is not paid in full by the end of the promotional period, interest may be charged retroactively from the date of purchase. This can result in a significant amount of interest if the balance is not paid off in time.
Fees:
- Late Payment Fee: Typically, a late payment fee is charged if you miss a payment deadline. This fee is generally around $30, but it can vary.
- Returned Payment Fee: If a payment is returned due to insufficient funds or other issues, you might incur a returned payment fee, usually around $30.
- Cash Advance Fee: If cash advances are allowed, there may be a fee associated with them, which can be a percentage of the amount advanced or a flat fee.
Other Rates and Terms:
- Minimum Interest Charge: There might be a minimum interest charge, which is a small amount that applies if your interest charges are below a certain threshold.
- Foreign Transaction Fee: Kohl’s Credit Card typically does not charge a foreign transaction fee, making it convenient for international purchases.
Variable Rates:
- The APRs are variable and can fluctuate based on changes in the Prime Rate or other financial indices. This means your interest rate can change over time.
Credit Requirements:
- Creditworthiness: The rates and fees you are offered will depend on your credit score and overall credit profile. Higher credit scores may qualify for lower APRs and better terms.
Tips for Managing Interest and Fees:
- Pay in Full: To avoid interest charges, try to pay your balance in full each month.
- Make Payments On Time: Set up reminders or automatic payments to ensure you don’t miss a payment and incur late fees.
- Review Terms: Regularly review your credit card terms and conditions to stay informed about any changes to rates or fees.
For the most accurate and up-to-date information, check your Kohl’s Credit Card account terms or contact Kohl’s Credit Card customer service at 1-800-564-5740.
Contents